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Omar Sacirbey

Omar has been a professional journalist since 1998, covering everything from international business and Wall Street to politics and religion. His stories have appeared in Newsweek International, the New York Times, the Washington Post, USA Today and other major outlets. Omar graduated from the Columbia University Graduate School of Journalism in 1998, and prior to that he was a Bosnian diplomat. He is based in Boston.

Maryland MMJ Industry Fires Up Real Estate Market

Marijuana entrepreneurs seeking cultivation licenses in Maryland have given the state’s industrial real estate market a lift over the past year. Many applicants have already secured warehouses for grow sites and others are flooding real estate agents with calls about sites, according to the Baltimore Sun. Of the roughly 1,080 license applications received by the […]

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Merrill Lynch Report Rosy on Cannabis Companies

Merrill Lynch is bullish on the medical marijuana business. In a 45-page report that explores the marijuana-related investment landscape, the investment management arm of Bank of America concludes that “medical cannabis has high potential,” according to Philly.com. The report provides information about some publicly traded ancillary marijuana companies but does not discuss investing in any company […]

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Mississippi Bans Marijuana Policy Project From Fundraising

The chances for medical cannabis legalization in Mississippi have suffered a potentially large setback. Local government officials have reportedly decided to ban the Marijuana Policy Project from fundraising in the state because the organization’s executive director – Rob Kampia – is a convicted felon. Kampia was convicted of illegally growing marijuana for personal use in […]

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MA Senators Will Visit Colorado to Study MJ Regulations

If Massachusetts voters wind up legalizing recreational cannabis next year at the ballot, the state’s regulatory system may look a lot like Colorado’s. With voters in the Bay State poised to weigh in on a legalization measure next November, 10 Massachusetts state senators will spend a week in Colorado in January with the aim of prepping themselves […]

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Cannabis Oils Hit Canada’s Medical Marijuana Market

By Omar Sacirbey An Ontario-based medical marijuana producer has started selling cannabis oils to Canadian patients, becoming the first business to take advantage of a groundbreaking change to the country’s MMJ program. Peace Naturals Project, one of 25 licensed medical cannabis producers in Canada, received approval from the country’s health agency in July to begin producing the oils.

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San Diego Dispensary Hit With Record Fine

A San Diego judge has slapped a local medical marijuana dispensary with a $1.8 million fine for violating zoning regulations, ranking as the largest penalty assessed against an MMJ operation in the city’s history. In addition to the fine levied on SoCal Holistic Health Inc., the judge issued a permanent injunction against the dispensary and its […]

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Two South American Cannabis Markets Advance

Chile and Uruguay have taken significant steps recently to advance their respective marijuana markets. Chilean President Michelle Bachelet signed a decree that authorizes the sale of cannabis-derived medicines at pharmacies and removes marijuana from the country’s list of hard drugs. The decree hasn’t been published officially, but the Associated Press obtained a copy Friday. Still, […]

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New Clean Air Rules Could Shutter Oregon MJ Clubs

Cannabis entrepreneurs in Oregon running smoking lounges have a new hurdle to overcome: the state’s Indoor Clean Air Act. Such lounges may be forced to close for violating new provisions of the statute, set to go into effect on New Year’s Day, according to The Oregonian. The indoor clean air rules were originally passed in […]

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Postal Service Issues Warning About Marijuana Ads

Marijuana growers and retailers may have fewer options for marketing now that the US Postal Service recently issued a directive warning that advertisements about selling or buying cannabis constitute a felony. The Nov. 27 directive also warned publishing companies that mailing newspapers, magazines, catalogs, hand-bills and similar materials containing such ads is also a felony. […]

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Canadian Feds Raid Dispensaries

Canada’s federal police have raided three dispensaries in Nanaimo, British Columbia, further muddying the situation surrounding cannabis as the country moves forward with legalization marijuana for recreational use. The Royal Canadian Mounted Police (RCMP) followed through on threats made Nov. 12, when agents hand-delivered letters to 10 Nanaimo medical marijuana dispensaries, ordering them to shut down […]

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Maryland Delays MMJ Licensing Decisions

Maryland will delay announcing the winners of medical cannabis business licenses for an undetermined amount of time, leaving entrepreneurs in a holding pattern and introducing uncertainty into the process. The Natalie M. LaPrade Maryland Medical Cannabis Commission (MMCC) said it wants more time to review applications “due to the number of submissions received,” adding that it plans […]

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Alaska Tightens Residency Requirements for MJ Licenses

Alaska has tightened residency restrictions on recreational marijuana business owners again after loosening them last month. Now, anyone seeking a rec business license must be a full-time resident of Alaska who has lived there for at least one year and either works or goes to school in the state, according to the Associated Press. Those were […]

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